Bitcoin News Today: Bitcoin's Decline: $100k Level Emerges as a Key Arena for Institutional Investors
- Bitcoin fell below $95,000 on Nov 13 amid profit-taking and leveraged liquidations, testing $100,000 as a critical support level. - Analysts warn further declines could intensify volatility, despite $523M ETF inflows and institutional strategies like MicroStrategy's $65B Bitcoin exposure. - Mining expansions by Hyperscale Data and Canaan Inc. contrast with Ethereum's ETF outflows, highlighting divergent institutional risk assessments. - Market focus remains on Bitcoin's ability to hold above $100,000, wi
Bitcoin Slides Under $95,000 as Experts Highlight Crucial Support Amid Market Turbulence
On November 13, Bitcoin (BTC) slipped beneath the $95,000 mark, representing a 0.7% drop within the past day,
The recent price swings have prompted caution from market experts. Vincent Liu, Kronos Research’s Chief Investment Officer, pointed out that $100,000 now stands as Bitcoin’s next significant support.
At the same time, institutional investors are recalibrating their Bitcoin approaches. MicroStrategy’s Bitcoin assets, now worth $65.047 billion,
On the production front, Bitcoin mining operations are scaling up quickly.
Ethereum (ETH), meanwhile, is experiencing different trends, with ETF outflows persisting even as Bitcoin remains relatively stable. U.S.-listed ETH ETFs
Looking forward, traders will be watching closely to see if Bitcoin can maintain levels above $100,000. A fall below this threshold could prompt more liquidations, while a recovery might revive ETF inflows and speculative interest. For now, the balance between institutional moves, mining growth, and broader economic factors is likely to shape Bitcoin’s short-term direction.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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